That looks like it would sink.
A project like this without an EIS is like building a major freeway with an EIS. Without putting in the groundwork up front, you get what you get. And it's likely going to have
problems. (Compared with, say, the MVC that goes through years and years of documentation comes out better [e.g., grade-separated bicycle facilities, ties into neighborhoods, etc.] EIS projects turn out better.)
And there's a good chance an EIS may come back with "NO BUILD" being the only viable alternative. And after spending a fortune, the proponents of this lake project may be disappointed to discover that as the outcome. But if an EIS alternative moves forward with vulnerabilities documented and mitigated, then there's a snowball's chance some version of this
may turn out quite well.